Emirates Global Aluminium has opened sustainable corporate bank accounts with Citi and Standard Chartered Bank. EGA uses the interest-bearing accounts for funds that are required for daily and other short-term operations.Citi’s sustainable deposit solution seeks to help corporate finance and treasury departments invest excess cash in deposit accounts that aim to support financing for environmental and social projects, such as renewable energy, energy efficiency, sustainable transportation, green buildings, and expanding access to affordable basic infrastructure and essential services.Since Standard Chartered first rolled out their Sustainable Deposit product in 2019, the Bank has continued to innovate, launching impactful Sustainable Finance products such as Sustainable Trade Finance, ESG structured notes and Sustainable savings accounts. Funds in these accounts are referenced against sustainable assets on the Bank’s balance sheet. Standard Chartered has developed a Green and Sustainable Product Framework with industry experts Sustainalytics, which addresses themes including climate change and financial inclusion.EGA is amongst the first in the region to choose the accounts, which ensure cash balances are used to finance or refinance sustainability progress elsewhere in the economy.
Emirates Global Aluminium has opened sustainable corporate bank accounts with Citi and Standard Chartered Bank. EGA uses the interest-bearing accounts for funds that are required for daily and other short-term operations.Citi’s sustainable deposit solution seeks to help corporate finance and treasury departments invest excess cash in deposit accounts that aim to support financing for environmental and social projects, such as renewable energy, energy efficiency, sustainable transportation, green buildings, and expanding access to affordable basic infrastructure and essential services.Since Standard Chartered first rolled out their Sustainable Deposit product in 2019, the Bank has continued to innovate, launching impactful Sustainable Finance products such as Sustainable Trade Finance, ESG structured notes and Sustainable savings accounts. Funds in these accounts are referenced against sustainable assets on the Bank’s balance sheet. Standard Chartered has developed a Green and Sustainable Product Framework with industry experts Sustainalytics, which addresses themes including climate change and financial inclusion.EGA is amongst the first in the region to choose the accounts, which ensure cash balances are used to finance or refinance sustainability progress elsewhere in the economy.
